Incorporated Vs Limited Liability Company (Infographic)

If you want to start a business with some partners, you are probably wondering under which structure you should register your company. So to complement your research, I am sharing with you this beautiful infographic that summarizes the differences between an incorporated company and a limited liability company. This illustration has been designed for BobbyFinance by Jordan Greer from BeerBaconAndBusiness.com. The main topics include differences in terms of:

Management and ownership

Legal entity

Taxation structure

Paperwork

Regulation

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Author Bio: Jordan is a 28 year old entrepreneur and a former Business Developer. With an insatiable appetite for the good life, keeps himself current on topics related to technology, gaming and his first love, food. He shares his views in his blog posts hoping to provide valuable information to entrepreneurs like himself who wish to establish a successful business.

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Bobby Finance is a financial literacy blog for young professionals and beginning entrepreneurs. The site explains in simple terms how finance and the global economy operate and how they impact your everyday life. The aim is to empower you with the ability to understand how money works, how it’s made, how it’s managed and how it either gets in your pockets or out of it. Bobby Finance is the platform where you can get smart and simple answers to the most complex financial issues. The blog provides you with tools to make informed and effective decisions about your money, your business, your career and your role in the global economy.